Ibn Sina to Build POM Plant in Saudi Arabia

5:05 AM MDT | April 1, 2010 | Kerri Walsh

Celanese and Sabic say their joint venture National Methanol Co. (Ibn Sina) will construct a 50,000-ton/year polyacetal (POM) plant at an unnamed site in Saudi Arabia. Total invested capital in the project is expected to be about $400 million, Celanese says. Engineering and construction is expected to begin later this year, the company says. The project will support future growth for Celanese’s Ticona engineering polymers business, and will support Sabic’s regional business development. The new plant is part of an extension of the...